9000 JACKSBORO HIGHWAY (FORT WORTH, TX)

SINGLE TENANT

9000 JACKSBORO HIGHWAY, FORT WORTH, TX 76135
Price :
$ 550,000
Cap Rate :
6.22%
NOI :
$ 34,232
Lot Size :
5.11 acres
Property Area :
5 acres
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• High-Traffic Location and Great Visibility on Highway 199
• Near Intersection with Over 42,000 Vehicles per Day
• Easy Access to Major Interstates Connecting All Areas of DFW
• Minutes from Fort Worth Meacham Airport and DFW International Airport
• Over 5 Acres of Fenced Outside Storage
• Submarket Vacancy Rate is Below-Average at 2%

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 9000 Jacksboro Highway in Fort Worth, Texas. The subject property consists of approximately 2,240 square feet of office space and is situated on 5.11 acres of land. The property features over five acres of fenced outside storage and has frontage on Jacksboro Highway in Northwest Fort Worth. The asset is minutes from Fort Worth Meacham Airport and DFW International Airport, and is in close proximity to major Interstates connecting Fort Worth.

The property is currently occupied by Cool Box Portable Storage on a month-to-month basis, giving a potential buyer the flexibility to renew the lease, develop on the land, or occupy the property for their own business. The growth within the immediate area fuels the fact that rental rates are up nearly six percent year-over-year. Fort Worth remains a desirable location for companies to relocate to, which attributes to the 95 percent occupancy rate.

The metro is home to several higher-educational institutions, including Texas Christian University, the University of Texas at Arlington, which supplies an educated labor force for the large and diverse employment base. Lockheed Martin Aeronautics Co. is headquartered in Air Force Plant 4 in the city of Fort Worth. It serves the Naval Air Station, also based in the metro. Healthcare is a strong economic driver, assisted by students graduating from the area’s many colleges and universities. Large employers include Texas Health Resources and University of Texas. General Motors’ assembly plant has been operating in the metro since 1954 and currently manufactures large SUVs for various divisions such as Chevrolet, GMC and Cadillac, providing numerous jobs. Local amenities include the Kimbell Art Museum, Modern Art Museum of Fort Worth, the National Cowgirl Museum and Hall of Fame, as well as rodeos at the Fort Worth Stockyards.

 

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060858)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916
Cliff Zimmerman
(972) 755-5217
Lic # TX : 706882

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